News of the potential takeover has sent Kadokawa's shares up 23%. The company's current market cap stands at $3.4 billion.
In early 2021, Kadokawa announced a capital alliance with Sony, which included Sony acquiring a 2% stake in the conglomerate. In return, Sony pledged to develop and promote Kadokawa properties globally.
As demonstrated by its acquisition of Bungie in 2022, Sony's purchase of Kadokawa is highly unlikely to result in games being made by the included studios suddenly becoming PlayStation exclusives.